Charlotte Capital Improvement Program Proposal

transcript

Charlotte Chamber Transportation Summit

Summary Presentation of City Draft General Capital Investment Plan (CIP)

April 13, 2012

Population Change by Census Tract 2000 - 2010

Areas with largest population gains:

Southwest, South, North and Northeast Charlotte

Northern Towns

Declined by more than 251

Gained more than 2,000

Declined between 1 and 250

Gained between 1 and 500

Gained between 501 and 1,000

Gained between 1,001 and 2,000

No population Change

Shrinking Middle Class?

2002 2010

Percent of Persons Receiving Food Stamps

21% to 90% 9% to 20% 1% to 8%

2011 Elementary School

Free & Reduced Lunch

And EOG Proficiency

Elementary Schools

EOG % Proficiency # of

Schools % of

Schools

23.1% to 60% 49 53.8%

60% to 80% 22 24.2%

80.1% to 96.0% 20 22%

61 % to 100 %

0% to 30%

31% to 60 %

Free/Reduced Lunch

Regional Average Single-Family

Tax Values

Tax Value

Cabarrus

Gaston

< $150,000

>$250,000

$150,000 to $250,000

Mecklenburg County Average Single-Family Tax Values

Tax Value Change

Depreciated Up to 53%

Appreciated More Than 20%

0% to 19%

Mecklenburg County Average Single-Family Tax Values

Approximately 50% of all residential tax value is generated by E1, S1, S2 and S3 zones.

Mecklenburg County 2011 Revaluation

*Qualified Sales thru 12/15/2010

Transforming Charlotte

Capital budget recommendations:

• No capital program is a serious risk

• Recommend an 8-year view

• Referenda in 2012, 2014, 2016 and 2018

• $900 million program, requiring $32 million annually

• Funding options:

– Further cuts to the operating budget

– Additional revenues

• Recommend a 4¢ property tax increase

Bond Referenda History with Proposed Bond Referenda

($ in millions)

* Proposed

Distribution of Capital Funding

Category 2012 2014 2016 2018 TOTAL

Transportation $175.6 $166.3 $106.8 $61.2 $509.9

Neighborhoods 20.0 40.0 40.0 20.0 120.0

Affordable Housing 15.0 15.0 15.0 15.0 60.0

Sub Total Bonds $210.6 $221.3 $161.8 $96.2 $689.9

Facilities & Equipment

TOTAL $366.1 $245.3 $191.0 $124.0 $926.4

in millions

Comprehensive Approach

• Airport/West Corridor

• East/Southeast Corridor

• Northeast Corridor

Investing in Corridors

Investing in Corridors Airport/West Corridor

These investments facilitate economic

development as recommended in the Dixie-Berryhill Area Plan and the Westside Strategic Plan:

• Garrison Rd Extension

– Section I: Old Dowd to Walker’s Ferry ($10M)

– Section II: Walker’s Ferry to Existing Garrison ($13M)

– Section III: Existing Garrison to Berewick ($7M)

• Dixie River Rd Widening/Improvements ($13M)

Investing in Corridors East/Southeast Corridor

These investments implement the Independence Blvd Area Plan and facilitate reinvestment by focusing on:

• Connections to neighborhood services for pedestrians, bicyclists, motorists and transit users

• Streetscape improvements along Monroe Rd

• Development of key catalyst sites

Investing in Corridors Northeast Corridor

These investments will help implement several area plans including Center City, University Research Park, North Tryon and station area plans along the Blue Line Extension. They include:

• New bridges over I-85

• Transit connections for pedestrians, bicyclists and motorists

• Key development opportunities

• Streetscapes and connectivity improvements

• UNCC Informatics and Innovation

New Bridges over I-85 Connecting:

• North: Research Dr to JW Clay Blvd

• South: IBM Dr to IKEA Blvd and University Pointe Blvd

Applied Innovation Corridor

• Streetscaping along Graham St and Matheson Ave

• Woodward/24th St Connection

• Connections identified in the Tryon Street Area Plan for pedestrians, bicyclists and motorists

• Energy infrastructure at Statesville Ave Landfill

• Key development opportunities

• Road/Infrastructure Projects • Cross Charlotte Multi-Use Trail • Streetcar Expansion • Traffic Control & Bridges • Sidewalks and Pedestrian Safety

Increasing Connections

Increasing Connections Road/Infrastructure Projects

• Prosperity Church Rd Northwest Arc

• Eastern Circumferential/ Railroad Bridge

• Park South Dr Extension

Prosperity Church Rd Northwest Arc

• Completes the northwestern leg of the I-485/Prosperity Church Rd interchange as envisioned in the area plan

• Corresponds with the 2014 opening of I-485 in this area to ensure that the interchange functions properly and traffic does not back up onto I-485

Eastern Circumferential/ Railroad Bridge

• Constructs the Eastern Circumferential from Hanberry Blvd to Back Creek Church Rd

• Includes bicycle lanes and sidewalks

• Built to urban street standards for improved safety and traffic flow

• Coordinated with NCDOT’s railroad project that proposes to build a railroad bridge over the future road and a future NCDOT project to build the portion of the Circumferential between NC 49 and Hanberry Blvd

Park South Dr Extension

• Extends Park South Dr as a 2-lane street from Fairview Rd to a new roundabout at Carnegie Blvd

• Extends existing eastbound left-turn lane on Fairview Rd

• Enhances street network in the area and reduces delays at other signalized intersections along Fairview Rd

• Consistent with two recent rezoning approvals which will build a portion of this alignment and the roundabout

Increasing Connections Cross Charlotte Multi-Use Trail

Kings Drive – along the Little Sugar Creek greenway

Camden at Tremont along

the Lynx Multi-Use Trail

Increasing Connections Streetcar Expansion

Traffic Control & Bridges

Highland Ave – Before

Highland Ave – After

• Upgrade Traffic Signal System and Control Devices

• Repair and Replace Bridges

Sidewalks and Pedestrian Safety

Ashley Road Raintree Lane

• Public Safety Facilities

• Maintenance Facilities

• Affordable Housing

• Comprehensive Neighborhood Improvement Program

Improving Communities

Budget Process Next Steps

Next Steps

• May 9: Recommended Budget Presentation

• May 16: Budget Adjustments

• May 29: Budget Public Hearing

• May 30: Straw Votes

• June 11: Budget Adoption

Full capital investment proposal on

City’s budget website: http://citybudget.charmeck.org

Charlotte Capital Improvement Program Proposal

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